Contact Financial’s H1 consolidated profit plunges 39.12% YoY
Updated 8/13/2024 10:11:00 AM
Arab Finance: Contact Financial recorded a 39.12% year-on-year (YoY) drop in consolidated net profit attributable to the parent company for the first half (H1) of 2024, according to the financial statement filed to the Egyptian Exchange (EGX) on August 13th.
The company’s consolidated net profit attributable to the parent company reached EGP 187.371 million in H1 2024, growing from EGP 307.790 million in H1 2023.
At the level of the standalone financial statement, Contact incurred net losses after tax amounting to EGP 1.153 million during the first six months of this year, versus a net profit of EGP 120.022 million during the January-June period of 2023.
Contact Financial Holding, formerly Sarwa Capital, is a non-bank financial services provider, changing the way people and businesses access finance and insurance.
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